Wipro Ltd. (NYSE:WIT), a leading Global Information Technology, Consulting and Outsourcing company, today announced that market intelligence and advisory services firm, IDC has named the company a "Major Player" in its IDC Energy Insights MarketScape.
The IDC MarketScape: ‘IT Service Providers in the EMEA Utilities Market 2013 Vendor Assessment’ (doc #EIOS02V, May 2013) examines vendors' ability to supply utility companies with services that support enterprise processes and core business processes, including innovation related to smart grid, smart energy services, smart generation, and smart customer management. The IDC MarketScape also evaluates service providers' capabilities related to the deployment of cloud, big data, analytics, mobility, and social media, in the specific context of utilities business.
“We are delighted with our positioning in the report as it reaffirms the confidence of our customers and partners, in our capabilities. This assures us that our strategy of focusing on building differentiated domain solutions, innovative financial models and investments towards talent development constitute the right approach to addressing our customers’ needs,” said Arun Krishnamurthi, Global Head - Utilities, Wipro Technologies.
The IDC MarketScape notes that Wipro is well positioned for future growth in the utilities sector. “Wipro has made a huge effort to become a strong player in the utilities market, expanding its knowledge and building resources to support its clients. Wipro is also enhancing its offerings, for instance by developing its analytics-related capabilities to create additional value for its clients”, it said.According to Roberta Bigliani, Head of Europe Middle East & Africa, IDC Energy Insights, "Utilities are looking for service companies which profoundly understand their business goals and actively support them in their achievement. Following capabilities are demanded: value for money, outstanding customer service and delivery capabilities, strong utilities expertise, and innovative and future looking offering.” Wipro’s Utilities vertical is a part of Wipro's Energy, Natural Resources and Utilities strategic business unit. The vertical addresses core needs and challenges through domain specific solutions by leveraging expertise in Consulting, Engineering, IT, and Business Process Outsourcing services. Having executed numerous Business Transformation programs, Wipro Utilities’ domain competency and technology expertise spans across the utilities value chain covering Generation & Renewables, Transmission & Distribution, Retail, Smart Grid, ETRM (Energy Trading and Risk Management) and HSSE (Health, Safety, Security & Environment).